iShares U.S. Home Construction ETF (3IS3)
Summary
3IS3 Chart
What ITB Investors Need to Watch Before Mortgage Rates Spike Again
The iShares U.S. Home Construction ETF (NYSEARCA:ITB | ITB Price Prediction) just rose 7% in a single week, yet the fund is still down about 4% year to date and sitting 7% below where it traded a month ago.
New Home Sales Fall 6% in April as Median Price Surges
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 622,000 in April. This represents a 6.2% decline from March's rate of 663,000 and an 11.3% drop from the previous year.
New Home Sales Rise as Median Price Hits Near 5-Year Low
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 682,000 in March. This represents a 7.4% increase from February's rate of 635,000 and a 3.3% rise from the previous year.
iShares U.S. Home Construction ETF (3IS3) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has iShares U.S. Home Construction ETF ever had a stock split?
iShares U.S. Home Construction ETF Profile
| XHAM Exchange | US Country |
Overview
The mentioned entity appears to be a financial instrument, specifically an investment fund, focused on the home construction sector within the U.S. equity market. This fund is designed to track the performance of an index that represents the home construction industry as determined by its index provider. It commits to investing a minimum of 80% of its total assets in the securities that comprise its underlying index or in financial instruments that have economic characteristics nearly identical to those securities. The fund is characterized by a non-diversified status, implying that it may invest a larger portion of its assets in a smaller number of issuers or sectors, potentially increasing its risk compared to diversified funds.
Products and Services
The entity offers investment opportunities primarily in the following areas:
- Component Securities Investment: The fund invests at least 80% of its assets in the securities that make up its underlying home construction index. These investments aim to mirror the performance of the home construction sector, making it an attractive option for investors seeking exposure to this specific segment of the U.S. equity market.
- Investments with Economic Characteristics Identical to Component Securities: Besides direct investments in component securities, the fund also allocates assets to investments that have economic characteristics substantially identical to those of the component securities. This strategy may include derivative instruments or other financial products that mimic the performance of the index's securities, offering another layer of investment in the home construction sector.
